Teles intelligence
micro market report orange county September 2013 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
san fern
orange county
south b
Orange County Macro Market
Dana Point
Irvine
Balboa Peninsula
East Bluff - Harbor View
Ladera Ranch
Corona del Mar - Spyglass
East Costa Mesa
Laguna Beach (all areas)
Coto de Caza
Fountain Valley
Laguna Hills
Crystal Cove
Huntington Beach
Laguna Niguel
Micro Market Report : September 2013
telesintelligence.com
nando
san gabriel
bay
los angeles
Long Beach
Newport Heights
Turtle Ridge
Lower Newport Bay - Balboa Island
Rancho Santa Margarita
Turtle Rock
Mission Viejo
San Clemente
West Bay - Santa Ana Heights
Newport Beach (all areas)
San Juan Capistrano
West Newport - Lido
Newport Coast
Shady Canyon
Westminster
September 2013 : Micro Market Report
Orange County DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$530,000
$644,250
21.6%
Average Price per Square Foot ...........................
$322
$392
21.7%
Properties Sold .......................................................
1646
1520
-7.7%
Properties Pending Sale .......................................
1687
1486
-11.9%
Properties For Sale ................................................
7,073
6,622
-6.4%
Days on Market (Pending Sale) ...........................
87
55
-36.8%
Month’s Supply of Inventory ................................
4.3
4.4
1.4%
Percent Under Contract ........................................
23.9%
22.4%
-5.9%
Average Median Price for Last 12 Months ........
$496,000
$591,373
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$644
M E D I A N
S A L E S
(in hundred thousands)
$530
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Balboa Peninsula DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,270,000
$2,645,000
108.3%
Average Price per Square Foot ...........................
$1,311
$994
-24.2%
Properties Sold .......................................................
5
6
20.0%
Properties Pending Sale .......................................
10
6
-40.0%
Properties For Sale ................................................
63
50
-20.6%
Days on Market (Pending Sale) ...........................
196
234
19.4%
Month’s Supply of Inventory ................................
12.6
8.3
-33.9%
Percent Under Contract ........................................
15.9%
12.0%
-24.4%
Average Median Price for Last 12 Months ........
$2,190,000
$2,067,077
-5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S M E D I A N
$1.270
Sep
(in hundred thousands)
$2.645
P R I C E
yearly trend
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$2,067,077
PROPERTIES FOR SALE
50
DAYS ON MARKET**
123
shadow inventory
4
(4.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Corona del Mar - Spyglass DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,414,000
$2,500,000
76.8%
Average Price per Square Foot ...........................
$688
$993
44.3%
Properties Sold .......................................................
18
13
-27.8%
Properties Pending Sale .......................................
16
11
-31.2%
Properties For Sale ................................................
87
74
-14.9%
Days on Market (Pending Sale) ...........................
120
76
-36.7%
Month’s Supply of Inventory ................................
4.8
5.7
17.8%
Percent Under Contract ........................................
18.4%
14.9%
-19.2%
Average Median Price for Last 12 Months ........
$1,780,000
$2,081,308
16.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$2.500
P R I C E
yearly trend
M E D I A N
$1.414
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$2,081,308
PROPERTIES FOR SALE
74
DAYS ON MARKET**
86
shadow inventory
12
(12.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Coto de Caza DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$922,550
$987,000
7.0%
Average Price per Square Foot ...........................
$269
$321
19.3%
Properties Sold .......................................................
24
16
-33.3%
Properties Pending Sale .......................................
21
16
-23.8%
Properties For Sale ................................................
133
130
-2.3%
Days on Market (Pending Sale) ...........................
80
140
75.0%
Month’s Supply of Inventory ................................
5.5
8.1
46.6%
Percent Under Contract ........................................
15.8%
12.3%
-22.1%
Average Median Price for Last 12 Months ........
$883,000
$975,115
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$987
$922
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$975,115
PROPERTIES FOR SALE
130
DAYS ON MARKET**
82
shadow inventory
29
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Crystal Cove DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$3,600,000
$5,787,500
60.8%
Average Price per Square Foot ...........................
$860
$1,072
24.7%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
6
3
-50.0%
Properties For Sale ................................................
27
23
-14.8%
Days on Market (Pending Sale) ...........................
113
118
4.4%
Month’s Supply of Inventory ................................
13.5
11.5
-14.8%
Percent Under Contract ........................................
22.2%
13.0%
-41.3%
Average Median Price for Last 12 Months ........
$3,789,000
$4,683,077
23.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$3.600
S A L E S
$5.787
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$4,683,077
PROPERTIES FOR SALE
23
DAYS ON MARKET**
78
shadow inventory
8
(8.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Dana Point DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$704,500
$1,060,000
50.5%
Average Price per Square Foot ...........................
$398
$566
42.2%
Properties Sold .......................................................
34
34
0.0%
Properties Pending Sale .......................................
38
30
-21.1%
Properties For Sale ................................................
216
200
-7.4%
Days on Market (Pending Sale) ...........................
106
78
-26.4%
Month’s Supply of Inventory ................................
6.4
5.9
-7.4%
Percent Under Contract ........................................
17.6%
15.0%
-14.7%
Average Median Price for Last 12 Months ........
$667,000
$834,654
25.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$1.060
P R I C E
yearly trend
M E D I A N
S A L E S
$704
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$834,654
PROPERTIES FOR SALE
200
DAYS ON MARKET**
89
shadow inventory
25
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
East Bluff - Harbor View DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,493,944
$1,737,500
16.3%
Average Price per Square Foot ...........................
$488
$650
33.2%
Properties Sold .......................................................
18
16
-11.1%
Properties Pending Sale .......................................
21
18
-14.3%
Properties For Sale ................................................
95
77
-18.9%
Days on Market (Pending Sale) ...........................
86
50
-41.9%
Month’s Supply of Inventory ................................
5.3
4.8
-8.8%
Percent Under Contract ........................................
22.1%
23.4%
5.8%
Average Median Price for Last 12 Months ........
$1,382,000
$1,549,953
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.493
(in hundred thousands)
$1.737
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,549,953
PROPERTIES FOR SALE
77
DAYS ON MARKET**
67
shadow inventory
25
(25.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
East Costa Mesa DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$625,000
$858,750
37.4%
Average Price per Square Foot ...........................
$376
$494
31.4%
Properties Sold .......................................................
7
10
42.9%
Properties Pending Sale .......................................
17
17
0.0%
Properties For Sale ................................................
61
62
1.6%
Days on Market (Pending Sale) ...........................
95
62
-34.7%
Month’s Supply of Inventory ................................
8.7
6.2
-28.9%
Percent Under Contract ........................................
27.9%
27.4%
-1.6%
Average Median Price for Last 12 Months ........
$654,000
$796,227
21.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$858
P R I C E
yearly trend
M E D I A N
$625
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$796,227
PROPERTIES FOR SALE
62
DAYS ON MARKET**
81
shadow inventory
33
(33.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Fountain Valley DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$548,000
$623,000
13.7%
Average Price per Square Foot ...........................
$292
$336
15.1%
Properties Sold .......................................................
30
17
-43.3%
Properties Pending Sale .......................................
30
22
-26.7%
Properties For Sale ................................................
90
74
-17.8%
Days on Market (Pending Sale) ...........................
54
37
-31.5%
Month’s Supply of Inventory ................................
3
4.4
45.1%
Percent Under Contract ........................................
33.3%
29.7%
-10.8%
Average Median Price for Last 12 Months ........
$544,000
$611,696
12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$623
M E D I A N
S A L E S
(in hundred thousands)
$548
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$611,696
PROPERTIES FOR SALE
74
DAYS ON MARKET**
46
shadow inventory
43
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Huntington Beach DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$610,000
$749,000
22.8%
Average Price per Square Foot ...........................
$348
$398
14.4%
Properties Sold .......................................................
101
113
11.9%
Properties Pending Sale .......................................
101
123
21.8%
Properties For Sale ................................................
388
402
3.6%
Days on Market (Pending Sale) ...........................
75
51
-32.0%
Month’s Supply of Inventory ................................
3.8
3.6
-7.4%
Percent Under Contract ........................................
26.0%
30.6%
17.5%
Average Median Price for Last 12 Months ........
$596,000
$675,179
13.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$749
M E D I A N
S A L E S
(in hundred thousands)
$610
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$675,179
PROPERTIES FOR SALE
402
DAYS ON MARKET**
60
shadow inventory
107
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Irvine DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$694,000
$907,000
30.7%
Average Price per Square Foot ...........................
$384
$432
12.5%
Properties Sold .......................................................
89
96
7.9%
Properties Pending Sale .......................................
75
88
17.3%
Properties For Sale ................................................
372
370
-0.5%
Days on Market (Pending Sale) ...........................
79
50
-36.7%
Month’s Supply of Inventory ................................
4.2
3.9
-7.8%
Percent Under Contract ........................................
20.2%
23.8%
18.0%
Average Median Price for Last 12 Months ........
$704,000
$849,252
20.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$907
P R I C E
yearly trend
M E D I A N
S A L E S
$694
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$849,252
PROPERTIES FOR SALE
370
DAYS ON MARKET**
59
shadow inventory
79
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Ladera Ranch DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$721,000
$817,500
13.4%
Average Price per Square Foot ...........................
$286
$310
8.4%
Properties Sold .......................................................
32
30
-6.2%
Properties Pending Sale .......................................
32
20
-37.5%
Properties For Sale ................................................
123
128
4.1%
Days on Market (Pending Sale) ...........................
65
55
-15.4%
Month’s Supply of Inventory ................................
3.8
4.3
11.0%
Percent Under Contract ........................................
26.0%
15.6%
-39.9%
Average Median Price for Last 12 Months ........
$647,000
$776,455
20.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$817
M E D I A N
S A L E S
(in hundred thousands)
$721
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$776,455
PROPERTIES FOR SALE
128
DAYS ON MARKET**
78
shadow inventory
23
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Laguna Beach DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,675,000
$1,577,500
-5.8%
Average Price per Square Foot ...........................
$982
$834
-15.1%
Properties Sold .......................................................
27
32
18.5%
Properties Pending Sale .......................................
33
31
-6.1%
Properties For Sale ................................................
246
266
8.1%
Days on Market (Pending Sale) ...........................
94
109
16.0%
Month’s Supply of Inventory ................................
9.1
8.3
-8.8%
Percent Under Contract ........................................
13.4%
11.7%
-13.1%
Average Median Price for Last 12 Months ........
$1,322,000
$1,537,381
16.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$1.577
(in hundred thousands)
$1.675
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,537,381
PROPERTIES FOR SALE
266
DAYS ON MARKET**
101
shadow inventory
17
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Laguna Niguel DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$677,500
$760,000
12.2%
Average Price per Square Foot ...........................
$306
$390
27.5%
Properties Sold .......................................................
44
54
22.7%
Properties Pending Sale .......................................
55
48
-12.7%
Properties For Sale ................................................
253
212
-16.2%
Days on Market (Pending Sale) ...........................
88
48
-45.5%
Month’s Supply of Inventory ................................
5.8
3.9
-31.7%
Percent Under Contract ........................................
21.7%
22.6%
4.2%
Average Median Price for Last 12 Months ........
$635,000
$722,708
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$760
M E D I A N
S A L E S
(in hundred thousands)
$677
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$722,708
PROPERTIES FOR SALE
212
DAYS ON MARKET**
66
shadow inventory
75
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Laguna Hills DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$827,500
$610,000
-26.3%
Average Price per Square Foot ...........................
$279
$336
20.4%
Properties Sold .......................................................
18
21
16.7%
Properties Pending Sale .......................................
13
16
23.1%
Properties For Sale ................................................
76
91
19.7%
Days on Market (Pending Sale) ...........................
71
40
-43.7%
Month’s Supply of Inventory ................................
4.2
4.3
2.6%
Percent Under Contract ........................................
17.1%
17.6%
2.8%
Average Median Price for Last 12 Months ........
$570,000
$679,265
19.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$610
S A L E S
$827
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$679,265
PROPERTIES FOR SALE
91
DAYS ON MARKET**
56
shadow inventory
27
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Laguna Woods DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$0
$587,000
%
Average Price per Square Foot ...........................
$0
$402
%
Properties Sold .......................................................
0
2
%
Properties Pending Sale .......................................
0
1
%
Properties For Sale ................................................
0
1
%
Days on Market (Pending Sale) ...........................
0
59
%
0.5
%
Month’s Supply of Inventory ................................ Percent Under Contract ........................................
%
100.0%
%
Average Median Price for Last 12 Months ........
$592,000
$592,000
0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$587
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$592,000
PROPERTIES FOR SALE
1
DAYS ON MARKET**
40
shadow inventory
1
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Lower Newport Bay - Balboa Island DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$2,047,500
$3,912,500
91.1%
Average Price per Square Foot ...........................
$1,090
$1,179
8.2%
Properties Sold .......................................................
8
8
0.0%
Properties Pending Sale .......................................
7
2
-71.4%
Properties For Sale ................................................
41
35
-14.6%
Days on Market (Pending Sale) ...........................
148
2
-98.6%
Month’s Supply of Inventory ................................
5.1
4.4
-14.6%
Percent Under Contract ........................................
17.1%
5.7%
-66.5%
Average Median Price for Last 12 Months ........
$2,000,000
$2,595,923
29.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$3.912
P R I C E
yearly trend
M E D I A N
$2.047
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$2,595,923
PROPERTIES FOR SALE
35
DAYS ON MARKET**
93
shadow inventory
22
(22.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Mission Viejo DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$510,000
$597,000
17.1%
Average Price per Square Foot ...........................
$263
$309
17.5%
Properties Sold .......................................................
84
82
-2.4%
Properties Pending Sale .......................................
79
81
2.5%
Properties For Sale ................................................
249
286
14.9%
Days on Market (Pending Sale) ...........................
76
48
-36.8%
Month’s Supply of Inventory ................................
3
3.5
17.7%
Percent Under Contract ........................................
31.7%
28.3%
-10.7%
Average Median Price for Last 12 Months ........
$486,000
$572,408
17.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$597
M E D I A N
S A L E S
(in hundred thousands)
$510
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$572,408
PROPERTIES FOR SALE
286
DAYS ON MARKET**
50
shadow inventory
108
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Newport Beach DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,454,500
$1,912,500
31.5%
Average Price per Square Foot ...........................
$635
$808
27.2%
Properties Sold .......................................................
58
46
-20.7%
Properties Pending Sale .......................................
73
47
-35.6%
Properties For Sale ................................................
358
306
-14.5%
Days on Market (Pending Sale) ...........................
125
79
-36.8%
Month’s Supply of Inventory ................................
6.2
6.7
7.8%
Percent Under Contract ........................................
20.4%
15.4%
-24.7%
Average Median Price for Last 12 Months ........
$1,334,000
$1,608,173
20.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.912
M E D I A N
S A L E S
(in hundred thousands)
$1.454
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,608,173
PROPERTIES FOR SALE
306
DAYS ON MARKET**
87
shadow inventory
53
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Newport Coast DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,837,500
$3,102,500
68.8%
Average Price per Square Foot ...........................
$636
$801
25.9%
Properties Sold .......................................................
15
18
20.0%
Properties Pending Sale .......................................
23
11
-52.2%
Properties For Sale ................................................
121
91
-24.8%
Days on Market (Pending Sale) ...........................
106
59
-44.3%
Month’s Supply of Inventory ................................
8.1
5.1
-37.3%
Percent Under Contract ........................................
19.0%
12.1%
-36.4%
Average Median Price for Last 12 Months ........
$1,914,000
$2,792,462
45.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$3.102
P R I C E
yearly trend
M E D I A N
$1.837
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$2,792,462
PROPERTIES FOR SALE
91
DAYS ON MARKET**
82
shadow inventory
5
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Newport Heights DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,635,000
$1,650,000
0.9%
Average Price per Square Foot ...........................
$546
$634
16.1%
Properties Sold .......................................................
5
5
0.0%
Properties Pending Sale .......................................
7
4
-42.9%
Properties For Sale ................................................
33
35
6.1%
Days on Market (Pending Sale) ...........................
132
97
-26.5%
Month’s Supply of Inventory ................................
6.6
7
6.1%
Percent Under Contract ........................................
21.2%
11.4%
-46.1%
Average Median Price for Last 12 Months ........
$1,136,000
$1,456,250
28.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.650
$1.635
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,456,250
PROPERTIES FOR SALE
35
DAYS ON MARKET**
67
shadow inventory
22
(22.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Rancho Santa Margarita DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$512,500
$650,000
26.8%
Average Price per Square Foot ...........................
$261
$306
17.2%
Properties Sold .......................................................
34
35
2.9%
Properties Pending Sale .......................................
35
37
5.7%
Properties For Sale ................................................
129
147
14.0%
Days on Market (Pending Sale) ...........................
86
53
-38.4%
Month’s Supply of Inventory ................................
3.8
4.2
10.7%
Percent Under Contract ........................................
27.1%
25.2%
-7.2%
Average Median Price for Last 12 Months ........
$509,000
$589,325
15.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$650
M E D I A N
S A L E S
(in hundred thousands)
$512
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$589,325
PROPERTIES FOR SALE
147
DAYS ON MARKET**
55
shadow inventory
50
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
San Clemente DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$690,000
$837,500
21.4%
Average Price per Square Foot ...........................
$288
$357
24.0%
Properties Sold .......................................................
60
56
-6.7%
Properties Pending Sale .......................................
56
44
-21.4%
Properties For Sale ................................................
318
303
-4.7%
Days on Market (Pending Sale) ...........................
78
76
-2.6%
Month’s Supply of Inventory ................................
5.3
5.4
2.1%
Percent Under Contract ........................................
17.6%
14.5%
-17.5%
Average Median Price for Last 12 Months ........
$663,000
$773,765
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$837
M E D I A N
S A L E S
(in hundred thousands)
$690
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$773,765
PROPERTIES FOR SALE
303
DAYS ON MARKET**
68
shadow inventory
73
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
San Juan Capistrano DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$736,500
$925,000
25.6%
Average Price per Square Foot ...........................
$297
$315
6.1%
Properties Sold .......................................................
26
24
-7.7%
Properties Pending Sale .......................................
21
22
4.8%
Properties For Sale ................................................
133
153
15.0%
Days on Market (Pending Sale) ...........................
126
94
-25.4%
Month’s Supply of Inventory ................................
5.1
6.4
24.6%
Percent Under Contract ........................................
15.8%
14.4%
-8.9%
Average Median Price for Last 12 Months ........
$597,000
$728,554
22.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$925
M E D I A N
S A L E S
(in hundred thousands)
$736
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$728,554
PROPERTIES FOR SALE
153
DAYS ON MARKET**
73
shadow inventory
31
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Shady Canyon DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$4,390,000
$0
-100.0%
Average Price per Square Foot ...........................
$749
$0
-100.0%
Properties Sold .......................................................
2
0
-100.0%
Properties Pending Sale .......................................
1
0
-100.0%
Properties For Sale ................................................
23
9
-60.9%
Days on Market (Pending Sale) ...........................
4
0
-100.0%
Month’s Supply of Inventory ................................
11.5
Percent Under Contract ........................................
4.3%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$4,383,000
$5,578,250
27.3%
%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
P R I C E
yearly trend
M E D I A N
$4.390
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$5,578,250
PROPERTIES FOR SALE
9
DAYS ON MARKET**
141
shadow inventory
0
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Turtle Ridge DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$2,300,500
$0
-100.0%
Average Price per Square Foot ...........................
$570
$0
-100.0%
Properties Sold .......................................................
6
0
-100.0%
Properties Pending Sale .......................................
5
2
-60.0%
Properties For Sale ................................................
27
26
-3.7%
Days on Market (Pending Sale) ...........................
85
88
3.5%
Month’s Supply of Inventory ................................
4.5
Percent Under Contract ........................................
18.5%
7.7%
-58.5%
Average Median Price for Last 12 Months ........
$1,913,000
$2,116,750
10.7%
%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
P R I C E
yearly trend
M E D I A N
S A L E S
(in hundred thousands)
$2.300
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$2,116,750
PROPERTIES FOR SALE
26
DAYS ON MARKET**
79
shadow inventory
13
(13.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Turtle Rock DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$847,500
$1,069,700
26.2%
Average Price per Square Foot ...........................
$526
$491
-6.7%
Properties Sold .......................................................
4
4
0.0%
Properties Pending Sale .......................................
4
0
-100.0%
Properties For Sale ................................................
24
6
-75.0%
Days on Market (Pending Sale) ...........................
146
0
-100.0%
Month’s Supply of Inventory ................................
6
1.5
-75.0%
Percent Under Contract ........................................
16.7%
0.0%
-100.0%
Average Median Price for Last 12 Months ........
$1,007,000
$1,067,018
6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.069
P R I C E
yearly trend
M E D I A N
$847
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,067,018
PROPERTIES FOR SALE
6
DAYS ON MARKET**
73
shadow inventory
0
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Westminster DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$429,000
$485,000
13.1%
Average Price per Square Foot ...........................
$252
$300
19.0%
Properties Sold .......................................................
47
35
-25.5%
Properties Pending Sale .......................................
51
43
-15.7%
Properties For Sale ................................................
135
117
-13.3%
Days on Market (Pending Sale) ...........................
56
40
-28.6%
Month’s Supply of Inventory ................................
2.9
3.3
16.4%
Percent Under Contract ........................................
37.8%
36.8%
-2.7%
Average Median Price for Last 12 Months ........
$389,000
$460,379
18.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$485
M E D I A N
S A L E S
(in hundred thousands)
$429
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$460,379
PROPERTIES FOR SALE
117
DAYS ON MARKET**
40
shadow inventory
64
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
West Bay - Santa Ana Heights DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,146,200
$1,432,500
25.0%
Average Price per Square Foot ...........................
$459
$574
25.1%
Properties Sold .......................................................
13
8
-38.5%
Properties Pending Sale .......................................
13
12
-7.7%
Properties For Sale ................................................
58
60
3.4%
Days on Market (Pending Sale) ...........................
97
60
-38.1%
Month’s Supply of Inventory ................................
4.5
7.5
68.1%
Percent Under Contract ........................................
22.4%
20.0%
-10.8%
Average Median Price for Last 12 Months ........
$1,133,000
$1,290,862
13.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$1.432
P R I C E
yearly trend
M E D I A N
S A L E S
$1.146
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,290,862
PROPERTIES FOR SALE
60
DAYS ON MARKET**
80
shadow inventory
25
(25.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
West Newport - Lido DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,590,000
$3,587,500
125.6%
Average Price per Square Foot ...........................
$758
$1,404
85.2%
Properties Sold .......................................................
9
2
-77.8%
Properties Pending Sale .......................................
15
5
-66.7%
Properties For Sale ................................................
68
49
-27.9%
Days on Market (Pending Sale) ...........................
141
55
-61.0%
Month’s Supply of Inventory ................................
7.6
24.5
224.3%
Percent Under Contract ........................................
22.1%
10.2%
-53.7%
Average Median Price for Last 12 Months ........
$1,501,000
$1,858,808
23.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$3.587
P R I C E
yearly trend
M E D I A N
$1.590
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,858,808
PROPERTIES FOR SALE
49
DAYS ON MARKET**
115
shadow inventory
22
(22.0)
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
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CONTACTS:
Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence September 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.